SoFi Technologies, Inc. (NASDAQ:SOFI) Shares Acquired by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC lifted its stake in shares of SoFi Technologies, Inc. (NASDAQ:SOFI) by 9.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,892 shares of the company’s stock after buying an additional 2,400 shares during the period. SeaCrest Wealth Management LLC’s holdings in SoFi Technologies were worth $445,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in SOFI. FNY Investment Advisers LLC raised its stake in SoFi Technologies by 727.1% in the 4th quarter. FNY Investment Advisers LLC now owns 2,167 shares of the company’s stock worth $33,000 after acquiring an additional 1,905 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in shares of SoFi Technologies in the third quarter valued at about $27,000. Brooklyn Investment Group purchased a new position in shares of SoFi Technologies in the third quarter worth about $28,000. Waldron Private Wealth LLC acquired a new stake in shares of SoFi Technologies during the third quarter worth about $39,000. Finally, AdvisorNet Financial Inc boosted its position in SoFi Technologies by 63.5% in the fourth quarter. AdvisorNet Financial Inc now owns 5,486 shares of the company’s stock valued at $84,000 after buying an additional 2,130 shares during the last quarter. 38.43% of the stock is owned by hedge funds and other institutional investors.

SoFi Technologies Stock Up 5.1 %

SoFi Technologies stock opened at $16.30 on Friday. SoFi Technologies, Inc. has a 12 month low of $6.01 and a 12 month high of $17.19. The stock has a market capitalization of $17.69 billion, a PE ratio of 163.02, a price-to-earnings-growth ratio of 0.96 and a beta of 1.78. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.49 and a quick ratio of 0.18. The business has a 50 day simple moving average of $15.16 and a 200-day simple moving average of $10.52.

SoFi Technologies (NASDAQ:SOFI) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. SoFi Technologies had a net margin of 8.38% and a return on equity of 3.71%. The company had revenue of $697.10 million during the quarter, compared to analysts’ expectations of $631.59 million. During the same period in the prior year, the business posted ($0.03) earnings per share. The firm’s revenue for the quarter was up 29.8% on a year-over-year basis. On average, analysts anticipate that SoFi Technologies, Inc. will post 0.12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SOFI has been the subject of a number of recent research reports. Barclays raised their price target on shares of SoFi Technologies from $8.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group raised their target price on shares of SoFi Technologies from $7.50 to $8.50 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Jefferies Financial Group upped their price target on shares of SoFi Technologies from $12.00 to $13.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. William Blair started coverage on SoFi Technologies in a research note on Wednesday. They set an “outperform” rating for the company. Finally, Keefe, Bruyette & Woods reissued an “underperform” rating and issued a $8.00 price objective (up previously from $7.00) on shares of SoFi Technologies in a report on Thursday, January 2nd. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, SoFi Technologies has an average rating of “Hold” and an average target price of $11.71.

Insider Buying and Selling

In related news, EVP Kelli Keough sold 9,308 shares of the business’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $10.36, for a total transaction of $96,430.88. Following the transaction, the executive vice president now directly owns 152,203 shares in the company, valued at approximately $1,576,823.08. The trade was a 5.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 24,105,908 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $16.03, for a total transaction of $386,417,705.24. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,009,264 shares of company stock worth $416,889,795. Insiders own 2.60% of the company’s stock.

SoFi Technologies Profile

SoFi Technologies, Inc provides various financial services in the United States, Latin America, and Canada. It operates through three segments: Lending, Technology Platform, and Financial Services. The company offers lending and financial services and products that allows its members to borrow, save, spend, invest, and protect money.